Consultation
Consultation on Insolvency Directive
From Insolvency Service of Ireland
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In early 2017, the Department of Justice and the Department of Jobs, Enterprise and Innovation ran a joint consultation seeking views of interested parties on a recent proposal by the European Commission.
The proposed Directive seeks to harmonise, for the first time, substantive provisions of national laws and frameworks across Member States in the area of business insolvency. It covers both company debts, and the debts of an over-indebted person who is or was carrying on a trade, business, craft or profession. Each Member State also has an option, under the proposal, to extend the proposal’s application to over-indebted persons with non-business debts.
The proposal would affect Irish personal insolvency and bankruptcy law, as well as company insolvency law (including examinership).
The Oireachtas Joint Committee on Justice also sought the views of the Insolvency Service of Ireland on this matter.
The Insolvency Service of Ireland submissions:
Consultation on proposed Insolvency Directive Joint Oireachtas Committee
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Letter to Joint Oireachtas Committee with Submission 31 Jan 2017
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Further details of the proposed Directive: